Wellington Management Group LLP Has $5.03 Million Stock Holdings in Gulfport Energy Corporation $GPOR

Wellington Management Group LLP trimmed its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 75.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,632 shares of the company’s stock after selling 89,486 shares during the quarter. Wellington Management Group LLP’s holdings in Gulfport Energy were worth $5,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Gulfport Energy by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock valued at $1,391,000 after acquiring an additional 181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Gulfport Energy by 14.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock worth $17,631,000 after purchasing an additional 12,327 shares during the last quarter. Intech Investment Management LLC increased its holdings in Gulfport Energy by 11.6% in the first quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after purchasing an additional 665 shares during the period. Cetera Investment Advisers increased its holdings in Gulfport Energy by 16.7% in the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock valued at $308,000 after purchasing an additional 219 shares during the period. Finally, Prudential Financial Inc. bought a new position in Gulfport Energy during the 2nd quarter worth $400,000.

Wall Street Analyst Weigh In

Several brokerages have commented on GPOR. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $194.00 target price (down from $240.00) on shares of Gulfport Energy in a report on Tuesday. UBS Group decreased their price target on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Truist Financial lowered their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings lowered Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Stifel Nicolaus set a $193.00 price objective on Gulfport Energy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gulfport Energy presently has a consensus rating of “Hold” and an average target price of $216.60.

Gulfport Energy Stock Performance

Shares of GPOR opened at $175.76 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.11 billion, a P/E ratio of 7.03 and a beta of 0.43. The firm’s fifty day simple moving average is $165.79 and its two-hundred day simple moving average is $179.88. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%.The firm had revenue of $323.23 million during the quarter. As a group, analysts predict that Gulfport Energy Corporation will post 22.25 EPS for the current year.

Insider Activity

In related news, CAO Matthew Willrath sold 325 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total transaction of $59,374.25. Following the completion of the sale, the chief accounting officer owned 2,130 shares of the company’s stock, valued at $389,129.70. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Domenic Dell’osso, Jr. bought 1,600 shares of the stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $160.61 per share, with a total value of $256,976.00. Following the completion of the acquisition, the chief executive officer owned 24,349 shares of the company’s stock, valued at $3,910,692.89. This represents a 7.03% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.70% of the stock is owned by corporate insiders.

Gulfport Energy Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.